PTC India Limited has informed the Exchange about Credit Rating (re-affirmed and withdrawn) received from CRISIL Limited.
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PTC India Limited received its credit ratings from CRISIL Ratings on May 22, 2026. The bank facilities rating of Rs. 5,500 crore was reaffirmed at Crisil A1+, indicating very strong safety for timely payment. The Rs. 300 crore Commercial Paper rating was also reaffirmed at Crisil A1+. Notably, the Corporate Credit Rating of Crisil AA-/Stable has been withdrawn at the company's own request (letter dated May 21, 2026). The bank facilities include fund-based and non-fund based limits across multiple banks including HDFC Bank, Bank of Baroda, IDBI Bank, ICICI Bank, and others.
The reaffirmation of short-term ratings at A1+ reflects continued strong creditworthiness for the company's banking arrangements. The voluntary withdrawal of the corporate credit rating suggests the company may no longer need this rating for outstanding debt instruments, which is not necessarily negative for shareholders.